Weekend Reading – Great TFSAs, Super Bowl, retirement rules, and more #moneystuff
Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
These were my posts from the past week:
What are your 2018 predictions? Here are mine!
Watching the Super Bowl this weekend? On the subject of predictions I predict along with some great new commercials the Patriots will win 34-21 even though I want the Eagles to prevail. I like cheering for the underdog and besides, Brady has enough rings. Maybe the Eagles can pull out an upset?
All the best and see you here next week for a book giveaway – stay tuned!
Enjoy these articles!
Retire Happy covered some retirement rules of thumb. The big rule that got tested was the 4% rule – can you “safely” withdraw $40,000 per year and increase it every year by inflation from a $1 million portfolio? (That would give most 60-somethings upwards of $60,000-$70,000 per year in retirement income, when you add in income from CPP and OAS.) You can read about when to take your CCP here.
Here are some money strategies Canadian Budget Binder used to kill debt.
Retire by 40 wondered did the financial crisis change you? It’s been almost 10 years since The Great Recession. To answer his question it definitely shaped how I invest today – so yes – I guess it did change me. If the market drops another 10% or 20% it will be interesting to see how my investing strategy will work out.
Freedom Thirty Five Blog shared some ideas on predicting the next recession.
The Blunt Bean Counter recommends continually learning.
This is what can happen when mental models fail – when it comes to your finances.
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From my library…
These are my personal finance rules of thumb.
With “RRSP season” approaching, it’s good time to review how to build a fat RRSP nest egg.